Bumble Inc. (BMBL)

NASDAQ: BMBL · IEX Real-Time Price · USD
11.44
-0.01 (-0.09%)
At close: Mar 1, 2024, 4:00 PM
11.48
+0.04 (0.35%)
After-hours: Mar 1, 2024, 7:43 PM EST
-0.09%
Market Cap 2.08B
Revenue (ttm) 1.05B
Net Income (ttm) -4.21M
Shares Out 182.20M
EPS (ttm) -0.03
PE Ratio n/a
Forward PE 22.67
Dividend n/a
Ex-Dividend Date n/a
Volume 3,689,042
Open 11.47
Previous Close 11.45
Day's Range 11.20 - 11.53
52-Week Range 11.17 - 22.89
Beta 1.79
Analysts Buy
Price Target 18.30 (+59.97%)
Earnings Date Feb 27, 2024

About BMBL

Bumble Inc. provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app. Bumble Inc. was founded in 2014 in and is headquartered in Austin, Texas. [Read more]

Sector Technology
IPO Date Feb 11, 2021
Employees 1,200
Stock Exchange NASDAQ
Ticker Symbol BMBL
Full Company Profile

Financial Performance

In 2023, Bumble's revenue was $1.05 billion, an increase of 16.42% compared to the previous year's $903.50 million. Losses were -$4.21 million, -94.72% less than in 2022.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for BMBL stock is "Buy." The 12-month stock price forecast is $18.3, which is an increase of 59.97% from the latest price.

Price Target
$18.3
(59.97% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Bumble reducing its workforce by 37%

Bumble is giving 350 of its workers the ax, the dating app company said on Tuesday. Impacted workers started receiving notification on Wednesday.

4 days ago - Fox Business

Bumble Inc. to Participate in Morgan Stanley Technology, Media & Telecom Conference

AUSTIN, Texas--(BUSINESS WIRE)--Bumble Inc. (NASDAQ: BMBL) today announced that management will participate at the following investor conference: Morgan Stanley Technology, Media & Telecom Conference ...

4 days ago - Business Wire

Bumble laying off 350 workers, 30% of dating app's workforce

Bumble announced plans to lay off 350 employers on Tuesday, reducing its headcount by 30% as part of a larger restructuring plan.

4 days ago - New York Post

Bumble slumps as CEO signals need for app revamp after poor earnings

Bumble shares slumped about 10% on Wednesday after its downbeat quarterly revenue forecast underscored the need for a revamp of the dating-app experience to attract newer generations seeking companion...

4 days ago - Reuters

Dating app Bumble to lay off about 37% of workforce as it looks to drive growth

Online-dating company Bumble Inc. will lay off approximately 350 workers — about 37% of its workforce — as part of a restructuring plan.

5 days ago - Market Watch

Bumble cuts ~350 employees as dating apps face a reckoning

Bumble, a once-powerful force in online dating, is facing a reckoning. The company posted weak Q4 2023 results today showing a $32 million net loss and $273.6 million in revenue.

5 days ago - TechCrunch

Bumble to lay off 350 employees, or about 37% of its workforce

Bumble announced plans to lay off around 350 employees in its fourth-quarter report Tuesday.

5 days ago - CNBC

Bumble forecasts first-quarter revenue below estimates

Bumble on Tuesday forecast first-quarter revenue below Wall Street estimates, anticipating stiff competition from Tinder-parent Match Group amid slowing user spend on dating apps in an uncertain econo...

5 days ago - Reuters

Bumble Inc. Announces Fourth Quarter and Full Year 2023 Results

AUSTIN, Texas--(BUSINESS WIRE)--Bumble Inc. (NASDAQ: BMBL) today reported financial results for the fourth quarter and full year ended December 31, 2023. “Today, we announced solid full-year results a...

5 days ago - Business Wire

Bumble Inc. Transforms Executive Leadership Team, Setting the Stage for the Next Chapter of Growth

AUSTIN, Texas--(BUSINESS WIRE)--Bumble Inc. (NASDAQ: BMBL) today announced the transformation of the company's executive leadership team with the appointment of four seasoned executives to enable and ...

11 days ago - Business Wire

Bumble Inc. to Announce Fourth Quarter and Full Year 2023 Financial Results on February 27, 2024

AUSTIN, Texas--(BUSINESS WIRE)--Bumble Inc. (NASDAQ: BMBL) today announced that it will report financial results for the fourth quarter and full year ending December 31, 2023, following the close of m...

25 days ago - Business Wire

Bumble Inc. Launches Deception Detector™: An AI-Powered Shield Against Spam, Scam and Fake Profiles

AUSTIN, Texas--(BUSINESS WIRE)--Bumble Inc. has announced Deception Detector™, Artificial Intelligence (AI) to help identify spam, scam and fake profiles.

26 days ago - Business Wire

Bumble Taps AI to Take Sting Out of Catfishing

Bumble is employing artificial intelligence (AI) to ensure its dating profiles aren't, well, artificial. “Our most recent research made one thing very clear: our members are anxious about the authenti...

27 days ago - PYMNTS

Goodfood and Bumble are cooking up romance this winter with new 3rd Date Meal-Kits

The limited-edition meal-kits will be available to help Canadians host a fool-proof date night in The limited-edition meal-kits will be available to help Canadians host a fool-proof date night in

6 weeks ago - GlobeNewsWire

Match Group, Grindr, Bumble: are these dating apps stocks good buys?

Dating apps are not doing well as growth slows after booming during the Covid-19 pandemic. This view is confirmed by the performance of dating app stocks in the United States.

Other symbols: GRNDMTCH
7 weeks ago - Invezz

Bumble For Friends Adds “Plans” and AI-powered Conversation Starters to Make it Easier to Connect with Friends

AUSTIN, Texas--(BUSINESS WIRE)-- #BumbleForFriends--Friendship app Bumble For Friends is adding two product features: Plans and AI-powered conversation starters.

3 months ago - Business Wire

Bumble Inc. to Participate in Upcoming Investor Conferences

AUSTIN, Texas--(BUSINESS WIRE)--Bumble Inc. (NASDAQ: BMBL) today announced that management will participate at the following investor conferences: UBS Global Technology Conference Scottsdale, AZ Tuesd...

3 months ago - Business Wire

Bumble's founder hopes to use AI to prevent toxic relationships before they happen

On the latest episode of the ‘Leaders in Innovation' podcast, founder Whitney Wolfe Herd explains how AI could revolutionize online dating again. It's been almost a decade since the dating app Bumble—...

3 months ago - Fast Company

Bumble Personalizes Subscriptions to Reach Gen Z Daters

In an effort to get Generation Z consumers paying for its dating app, Bumble is rolling out subscription plans that are shorter-term and more personalized. On a call with analysts Tuesday (Nov.

4 months ago - PYMNTS

Bumble Inc. Announces Third Quarter 2023 Results

AUSTIN, Texas--(BUSINESS WIRE)--Bumble Inc. (NASDAQ: BMBL) today reported financial results for the third quarter ended September 30, 2023. “Our strong third quarter results reflect our powerful brand...

4 months ago - Business Wire

Bumble Shares Drop as Founder Whitney Wolfe Herd Will Resign as CEO January 2

Bumble (BMBL) shares tumbled as the operator of the woman-focused dating app announced that founder Whitney Wolfe Herd would be stepping down as CEO, effective January 2.

4 months ago - Investopedia

Dating Apps Need to Rekindle Romance With Wall Street

Bumble's new chief, Lidiane Jones, shouldn't take it too personally that investors are swiping left.

4 months ago - WSJ

Bumble cofounder Whitney Wolfe Herd is stepping down as CEO. Take a look at her career and lavish life.

When Wolfe Herd took Bumble public in 2021, she became the youngest female CEO to make such a move. Before Bumble, Wolfe Herd cofounded rival dating app Tinder.

4 months ago - Business Insider

Bumble Founder Whitney Wolfe Herd Hands Reins to Slack CEO Lidiane Jones

Female-focused dating app Bumble has named a new chief executive officer. Lidiane Jones, currently the CEO of Slack, will take the job at Bumble at the start of next year, the company announced in a M...

4 months ago - PYMNTS

Bumble CEO stepping down, Slack chief to take role

Bumble (BMBL) shares fell early Monday after the company announced Founder and CEO Whitney Wolfe Herd will be stepping down. Slack CEO Lidiane Jones has been named as her replacement.

4 months ago - Yahoo Finance